Ethereum has been trending downward near 2423, currently in a weak rebound phase after a decline. The middle band resistance of the 4-hour Bollinger Bands is in the 2330~2340 range. If it cannot break through effectively, the rebound is likely to end, and the market will return to the downtrend channel. The key support below is in the 2280~2260 range. If this area cannot be broken effectively, it will form a W-bottom pattern looking upward. Conversely, if it breaks below this range, the downtrend will continue toward 2230-2200.



Suggestion: Enter short positions around 2310-2330, targeting near 2280-2260. If broken, look down to 2230~2200; if not broken, reverse to long positions.

Bitcoin quickly fell back after touching around 82,800, forming a clear downtrend. The current price is near 80,270, in a weak oscillation correction phase after a high-level pullback. The first resistance is around 80,800, which is also the middle band of the 4-hour Bollinger Bands. If it cannot break through effectively, the market is likely to face resistance and fall back. Also worth noting is the support near 79,600. If it can stabilize at this level, a rebound correction may begin. If the support is broken, the downtrend will extend, with the next target around 78,400 to 78,000.

Suggestion: Enter short positions around 80,250-80,750, targeting near 79,500-79,600. If broken, look down to 78,400-78,200; if not broken, reverse to long positions.

Market is constantly changing; strategies are for reference only. Use stop-loss and take-profit orders properly #比特币跌破8万美元
ETH1.66%
BTC0.87%
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What price will Bitcoin hit in May?
↑ 85,000
1.89x
53%
↓ 75,000
2.17x
46%
$998.28K Vol+18 more
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